Portugal's Minister of State for Economy, João Rui Ferreira, highlighted the country's intent to bolster its role in India's infrastructure and manufacturing sectors, aligning with India's goal of achieving a developed nation status by 2047. The trade relationship between India and Portugal has been growing, with Indian investments in Portugal estimated at $475 million USD. Portugal aims to leverage its expertise in engineering and advanced manufacturing to support India's ambitious initiatives like 'Make in India' and Production-Linked Incentive schemes. Key sectors for collaboration include renewable energy, particularly solar and wind, infrastructure and construction, and IT & electronics, where Portugal's strengths align with India's expanding digital economy. Additionally, Portugal offers various incentives to attract Indian investors, including financial and tax benefits for innovative projects. The potential for Portuguese companies in India remains significant, especially in sectors such as agriculture, textiles, and defence, reflecting the underdeveloped yet promising investment relationship. As both nations celebrate their long-standing ties, the future looks bright for enhanced economic cooperation.